hey, thanks for including a chart.. Ok so lets talk about this.. so panics are when bases are broken and all the buyers/holders are shaken out of there postions, they are surprised and panic sell, droping the price.. right? ... ok, so then when the panic stops, people start buying it back up to previous support... ok.. so.. it can now trade around in that area, beacuse we have just redifined a suport and resistance level..
Man this is hard to explain without video.. ok let me redraw your chart..

The green lines are your panics.. notice the length of the lines.. so this guides you on where you should put your buy orders.. the blue lines are where prices returned to there bases after the panics..
Anyways, its the same chart only maybe this might help you to see it a little different with more colors.. Sorry its not easy to explain in text as easy as it is for me in video.. but basically you need a panic of near the average length to be safe.. so if you buy in that circle you drew, then you should just nibble and wait for a drop to get more